Reed Charitable Foundation Inc
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Orlando, FL
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-3627777
Organization Overview
Reed Charitable Foundation Inc is located in Orlando, FL. The organization was established in 2019. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. As of 12/2023, Reed Charitable Foundation Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reed Charitable Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Reed Charitable Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 74.0% each year . All expenses for the organization totaled $829.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMMEDIATELY MAKE MEANINGFUL CHANGE FOR STUDENTS WITH DYSLEXIA BY PROVIDING SCHOLARSHIPS FOR TEACHER TRAINING AND PRIVATE ORTON-GILLINGHAM TUTORING. HOSTING FREE COMMUNITY EDUCATION EVENTS TO PROVIDE EXCEPTIONAL CONTENT OF BEST PRACTICES IN DYSLEXIA/GENERAL LITERACY EDUCATION AND FACILITATE MEANINGFUL FELLOWSHIP FOR FAMILIES IMPACTED BY DYSLEXIA, AND PROVIDING SOCIAL-EMOTIONAL PROGRAMMING LIKE NOTICEABILITY THAT HELPS STUDENTS WITH DYSLEXIA IDENTIFY THEIR STRENGTHS AND BUILD SELF-ESTEEM CRITICAL TO THEIR LONG-TERM SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, WE TRAINED 824 EDUCATORS, IMPACTING 20,600. HOSTED 8 FREE TEACHER UNIVERSITY SESSIONS, SERVING 3911 EDUCATORS WORLDWIDE.
HOSTED 2 FREE COMMUNITY EDUCATION EVENTS, SERVING 301 FAMILIES AND EDUCATORS, INCLUDING DR. NORRINE RUSSELL - ADHD & EXECUTIVE FUNCTIONING AND FREE SCREENING OF THE FILM THE RIGHT TO READ AND AN APPEARANCE BY THE FILM'S DIRECTOR, NICK NANTON AT THE WINTER PARK REGAL CINEMAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Knopf President And Board Chair | OfficerTrustee | 50 | $0 |
Michael Smith Director | OfficerTrustee | 0.5 | $0 |
Jim Seay Vice President And Treasurer | OfficerTrustee | 5 | $0 |
David Morillo Director | OfficerTrustee | 5 | $0 |
Ryan Parsons Director | OfficerTrustee | 0.5 | $0 |
Ella Bourniak VP Of Philanthropy | Officer | 40 | $112,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $457,059 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $864,048 |
| Total Program Service Revenue | $239,747 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,103,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,317 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,738 |
| Advertising and promotion | $4,691 |
| Office expenses | $4,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,955 |
| All other expenses | $2,247 |
| Total functional expenses | $829,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,257,267 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,257,267 |
| Accounts payable and accrued expenses | $21,451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,451 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,235,816 |
| Total liabilities and net assets/fund balances | $1,257,267 |